Archive for October, 2014

10/27 — 30 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.500 3.068% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 2.875% 0.625 2.990% JUMBO LOANS 5/1 LIBOR ARM 3.000% 1.000 3.114% 30 Year 4.125% 0.750 4.226(1) Disclosures

10/27 — 15 YR Fixed: 2.875%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.500 3.068% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 2.875% 0.625 2.990% JUMBO LOANS 5/1 LIBOR ARM 3.000% 1.000 3.114% 30 Year 4.125% 0.750 4.226(1) Disclosures

10/27 — 5/1 ARM: 2.625%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.500 3.068% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 2.875% 0.625 2.990% JUMBO LOANS 5/1 LIBOR ARM 3.000% 1.000 3.114% 30 Year 4.125% 0.750 4.226(1) Disclosures

10/27 — 7/1 ARM: 2.875%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.500 3.068% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 2.875% 0.625 2.990% JUMBO LOANS 5/1 LIBOR ARM 3.000% 1.000 3.114% 30 Year 4.125% 0.750 4.226(1) Disclosures

Market Update for October 20 2014: Tremendous Opportunities

I’m looking at this 4th Quarter of 2014 as a time of tremendous opportunity. As I write this newsletter, I’m noticing bank rates on 30 year fixed mortgages at or around 3.875% at 0 points. We can attribute this most recent drop in rates to global insecurity: European economies are struggling, as is that of […]

Pulse on Politics: Lending Difficulties Continue

Various news sources, including Provident Bank’s Sigma Research, released an interesting, ironic update on October 3, 2014. Former Chair Person of the Federal Reserve, Ben Bernanke, stated that he was denied in his attempt to refinance his home loan. Perhaps it’s a good thing when the “rule makers” find out that overly stringent, knee-jerk reactions […]

Alternative Programs: Adding Value — Financing for Home Upgrades

Have a desire to remodel your home? Banks are aggressively marketing niche loans from Fannie Mae and FHA that enable financing for anything from small upgrades to major remodel projects. The FHA 203(k) loan and Fannie Mae’s HomeStyle Renovation Loan are just two examples. Call us today for more details!

10/20 — 30 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.125 3.829% 15 Year 2.750% 0.750 2.980% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 3.000% 0.250 3.086% JUMBO LOANS 5/1 LIBOR ARM 3.125% 0.875 3.230% 30 Year 4.000% 0.875 4.111(1) Disclosures

10/20 — 15 YR Fixed: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.125 3.829% 15 Year 2.750% 0.750 2.980% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 3.000% 0.250 3.086% JUMBO LOANS 5/1 LIBOR ARM 3.125% 0.875 3.230% 30 Year 4.000% 0.875 4.111(1) Disclosures

10/20 — 5/1 ARM: 3.125%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.125 3.829% 15 Year 2.750% 0.750 2.980% ARM LOANS 5/1 LIBOR ARM 2.625% 0.875 2.758% 7/1 LIBOR ARM 3.000% 0.250 3.086% JUMBO LOANS 5/1 LIBOR ARM 3.125% 0.875 3.230% 30 Year 4.000% 0.875 4.111(1) Disclosures